Cavium (CAVM) : 13 analysts are covering Cavium (CAVM) and their average rating on the stock is 2.08, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Cavium (CAVM) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $49. The average forecast of all the analysts is $61.75 and the expected standard deviation is $9.95.
For the current week, the company shares have a recommendation consensus of Buy.
Cavium (NASDAQ:CAVM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.79 and $45.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.35, notching a gain of 2.82% for the day. The total traded volume was 1,099,019 . The stock had closed at $46.05 on the previous day.
Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX, a multi-core SoC processor, and MontaVista software products.